Offshore: 1,650 workers to strike in sector’s biggest walkout – following Shell and BP’s £11.7bn profits May 23, 2023 Around 1,650 North Sea offshore contractors will begin two new rounds of 48-hour strike action in what a trade union said is the biggest walkout in the sector so far. The workers are striking in an increasingly bitter dispute over jobs, pay and conditions in the offshore sector, Unite said. The union says BP and Shell recorded [...]
Atome Energy shares leap after Baker Hughes snaps up stake May 22, 2023 Atome Energy’s share price jumped over 10 per cent this morning after US oil services company Baker Hughes snapped up a 6.6 per cent stake
Enough with excuses, energy suppliers must up their game May 22, 2023 Ofgem will meet to establish the latest update to the price cap, meaning a potential 30 per cent reduction in energy bills this summer.
Suppliers must improve customer performance after energy crisis May 22, 2023 Ofgem will meet this week to establish the latest update to the quarterly price cap, with energy suppliers under more scrutiny.
Ovo and Good Energy to pay £4m compensation for overcharging customers during energy crisis May 18, 2023 Ovo Energy and Good Energy are set to pay £4m in compensation after overcharging customers during the energy crisis.
National Grid powers to 15 per cent increase in profits of £4.6bn – but net zero investment still needed May 18, 2023 The National Grid powered a year of profits up 15 per cent to £4.6bn, off the back of major clean energy investments of £7.7bn – but it still isn’t enough to meet net zero goals. The electricity and gas company reported its year results ending March 31, saying it had been 12 months of “significant [...]
E.On, Good Energy and Octopus cough up millions in compensation payments for bill delays May 17, 2023 Gas and electricity firms E.On Next, Good Energy and Octopus Energy have paid £8 million over compensation failures for delays in producing final bills when customers switch, regulator Ofgem has announced. The energy watchdog said more than 100,000 households were affected after the three suppliers either missed or delayed compensation payouts that were due when they did [...]
Ofwat £11m enforcement boost branded ‘drop in the ocean’ by sewage campaigners May 16, 2023 An £11m funding boost for water regulator Ofwat to help it take action against polluting water companies has been branded a “drop in the ocean” by a campaign group, who argued more was needed to address the scale of the problem. Ofwat said the funds, which would be provided by a future hike to the [...]
‘Polite queuing’ will not decarbonise energy grid, says Ofgem boss May 16, 2023 Britain will not achieve its ambition to decarbonise the electricity grid by the mid-2030s with the current system of “polite queuing."
Apollo spikes £1.7bn Wood Group takeover bid May 15, 2023 Apollo Global Management has today confirmed that it does not intend to make a £1.7bn takeover offer for the oil and gas engineering giant, John Wood Group. The firm said this morning that it “does not intend to make an offer for Wood.” Shares dropped by 35 per cent this morning, from 219p to 140p. [...]
